Ethiopia: Another dry well, Tullow write-offs

Tullow Oil announced on 14 July that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence had reached a total depth of 2,468 metres without encountering commercial oil. Tullow said the well intersected lacustrine and volcanic formations similar to those found in the Shimela-1 well on the north-western flank of the basin. Minor intervals with thermogenic gas shows were intersected just above basement. Tullow said seismic interpretation continued on separate prospects elsewhere in the licence that would be targeted by the next phase of the Ethiopia exploration campaign.